The Dow Jones Industrial Average ($DOWI) has risen sharply this week, and is now comfortably above the psychologically important level of 40,000. Meanwhile, Disney (DIS) - which was the best-performing Dow stock at one point this year - is now up just about 9% for 2024, which is similar to the index's YTD performance. Also, DIS has lost nearly half of its market cap from the 2021 peak. Can DIS stock recover and go back up as stock market laggards begin to participate in a “catchup” trade? We’ll discuss in this article.
